Northern firms develop a taste for CFAs

Last week Pannone unveiled its move into the litigation funding sector by signing a delegated ­authority deal arranged by broker The Judge. Under the terms of the deal the firm will be able to ­effectively assess the merits of a case before putting in place a funding deal that can include after-the-event insurance, third-party ­funding or a hybrid of both.

Leeds firms Walker ­Morris and Brooke North have both signed deals with insurance giant QBE, which is fast becoming a major player in the litigation ­funding market.

“More and more firms are using CFAs as a means of getting access to justice for clients who otherwise can’t afford to get to court,” QBE senior underwriter Rocco Pirozzolo said.